Suffolk County Homes Sales-Year over Year Comparison
The Charts above illustrate Suffolk County Home Sales. The top chart is sequential since June of 2008. The lower chart represents Suffolk County Home Sales on a year over year basis. As you can see, since the expiration of the tax credit (4/30/10), Suffolk County Home Sales have trended downward. Downward that is from an artificially elevated number of home sales spurred by the government’s tax credit. Home Sales have increased in 2012 thus far reflecting the warmer weather and the jump on the spring buying season. We’ll have to watch closely to determine whether this increase in home sales represented an increase in buying demand or demand was simply pushed forward due to the nice weather.